Jennison Associates Portfolio holdings
Jennison Associates, founded in 1969 and headquartered in New York City, is a global investment management firm managing over $194 billion in assets as of late 2024, specializing in active equity and fixed-income strategies. A subsidiary of PGIM, the asset management arm of Prudential Financial, Jennison serves a diverse client base—including institutions, sub-advisory clients, public plans, endowments, and corporations—with a focus on fundamental research, bottom-up portfolio construction, and high-conviction investing. Known for its equity expertise across styles, geographies, and market capitalizations, as well as investment-grade fixed-income offerings, the firm employs seasoned portfolio managers averaging 29 years of industry experience and 16 years with Jennison. With additional offices in Boston and a culture emphasizing intellectual rigor and long-term client outcomes, Jennison has built a reputation for excellence and stability in the investment management industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Spotify
SPOT
|
+$1.28B |
| 2 |
Walmart Inc
WMT
|
+$595M |
| 3 |
TSMC
TSM
|
+$567M |
| 4 |
Boeing
BA
|
+$565M |
| 5 |
Edwards Lifesciences
EW
|
+$526M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eli Lilly
LLY
|
+$1.78B |
| 2 |
Mercado Libre
MELI
|
+$1.44B |
| 3 |
ASML
ASML
|
+$1.05B |
| 4 |
Broadcom
AVGO
|
+$878M |
| 5 |
MongoDB
MDB
|
+$871M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.73% |
| 2 | Consumer Discretionary | 16.21% |
| 3 | Communication Services | 16.04% |
| 4 | Healthcare | 8.87% |
| 5 | Financials | 7.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CYBR
51
DELISTED
CyberArk
CYBR
| $534M | 0.32% |
1,603,744
+391,900
| +32% | +$119M |
|
52
Analog Devices
ADI
$175B
| $531M | 0.32% |
2,497,078
-888,914
| -26% | -$197M |
|
53
Arista Networks
ANET
$246B
| $512M | 0.31% |
4,632,730
+87,798
| +2% | +$9.03M |
|
54
Fair Isaac
FICO
$24.9B
| $506M | 0.31% |
254,282
+13,133
| +5% | +$28.1M |
|
55
Reddit
RDDT
$29.4B
| $495M | 0.3% |
+3,027,784
| New | +$374M |
|
56
NextEra Energy
NEE
$171B
| $432M | 0.26% |
6,020,284
+231,393
| +4% | +$18M |
|
57
JPMorgan Chase
JPM
$951B
| $416M | 0.25% |
1,736,535
+169,140
| +11% | +$39.4M |
|
58
Applovin
APP
$106B
| $414M | 0.25% |
+1,279,876
| New | +$324M |
|
59
NiSource
NI
$19.5B
| $394M | 0.24% |
10,720,179
-102,916
| -1% | -$3.7M |
|
60
Nu Holdings
NU
$69.1B
| $378M | 0.23% |
36,483,933
-60,271,013
| -62% | -$802M |
|
61
Cheniere Energy
LNG
$58.3B
| $314M | 0.19% |
1,459,875
+135,515
| +10% | +$27.5M |
|
62
PNC Financial Services
PNC
$96.6B
| $310M | 0.19% |
1,608,734
-4,081
| -0.3% | -$802K |
|
63
NVR
NVR
$17B
| $307M | 0.19% |
37,550
+2,027
| +6% | +$18.5M |
|
64
Public Service Enterprise Group
PEG
$36.5B
| $286M | 0.17% |
3,384,803
+1,882,667
| +125% | +$167M |
|
65
CAVA Group
CAVA
$7.82B
| $278M | 0.17% |
2,461,732
+2,455,035
| +36,659% | +$327M |
|
66
MetLife
MET
$61.3B
| $268M | 0.16% |
3,274,258
+114,166
| +4% | +$9.5M |
|
67
Vistra
VST
$46B
| $256M | 0.16% |
1,854,300
-526,185
| -22% | -$73.1M |
|
68
PG&E
PCG
$36.6B
| $251M | 0.15% |
12,432,460
-94,184
| -0.8% | -$1.92M |
|
69
Chubb
CB
$131B
| $247M | 0.15% |
895,344
-169,236
| -16% | -$48.1M |
|
70
Shift4
FOUR
$3.47B
| $242M | 0.15% |
2,335,261
-498,800
| -18% | -$49.5M |
|
71
Flutter Entertainment
FLUT
$17.7B
| $239M | 0.15% |
+925,927
| New | +$234M |
|
72
Bank of America
BAC
$436B
| $234M | 0.14% |
5,317,359
-3,285,270
| -38% | -$145M |
|
73
Astera Labs
ALAB
$50.2B
| $230M | 0.14% |
+1,736,440
| New | +$163M |
|
74
MakeMyTrip
MMYT
$5.55B
| $223M | 0.14% |
1,985,376
-331,196
| -14% | -$35.5M |
|
75
CenterPoint Energy
CNP
$25.8B
| $216M | 0.13% |
6,820,973
-49,399
| -0.7% | -$1.52M |
|
Similar funds
Jennison Associates's Q4 2024 Portfolio in Review
As of Q4 2024, Jennison Associates held 642 positions worth $165B, up 2.2% from $161B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Jennison Associates withdrew a net $6.01B in Q4 2024, closing 70 positions and reducing 253 holdings. Its most notable exit was Centene, an estimated $129M position sold in full.
By sector, the portfolio is most concentrated in Technology at 38% of assets, up from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Jennison Associates opened a new position in Spotify worth $1.34B.
- Jennison Associates's largest Q4 2024 buy was Spotify: 2,985,326 shares worth $1.34B.
- Jennison Associates added most to Walmart Inc in Q4 2024, an estimated $595M increase.
- Jennison Associates's biggest Q4 2024 reduction was Eli Lilly, cutting an estimated $1.78B.
- Jennison Associates fully exited Centene in Q4 2024, selling an estimated $129M.
- Jennison Associates's ten largest holdings make up 47% of its $165B portfolio in Q4 2024.
- Jennison Associates opened 84 new positions and closed 70 in Q4 2024.
- Jennison Associates's portfolio value rose 2.2% quarter-over-quarter to $165B.
Based on Jennison Associates's 13F filing for Q4 2024, filed 24 Jan 2025.